This paper investigates partnership performance as perceived by individual partners. It taps into one of the most extensive sources of pertinent empirical information recently constructed in Europe. Partnership success is shown to depend significantly on the closeness of the cooperative research...

This paper summarizes the most important findings of the literature on the close interaction between public research organizations and industry in biotechnology. The first question deals with why researchers in academic organizations were and are still important players in the biotechnology...

This paper empirically evaluates the impact of the US Advanced Technology Program-sponsored consortia on the ex-post research productivity of participating firms. We find that there is a positive association between the intensity of participation in research consortia and the overall research...

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Collaborative research consortia allow firms to pursue scale and scope economies in research, finance large costly proposals, share risks, avoid unnecessary duplication, internalize the externalities created by research spillovers, and allow the use of firm-specific complementary skills and...